US pizza chain Domino's to invest $9 m in chain development in Ukraine within five years

The U.S.-founded Domino's pizza chain plans within five years to invest $9 million in the opening of 40-50 Domino's Pizza outlets in Ukraine, Domino's Pizza Ukraine (Kyiv) Director General Andriy Romanenko has told Interfax-Ukraine.

"The planned investment in the development of a pizza chain in Ukraine in 2011 amounts to $2.5 million and the figure for five years is $9 million," he said.

According to the director general, the company plans in 2011 to reach a turnover of $500,000.

Asked if the company plans to rent or buy premises for its pizzerias, Romanenko said that "both options would be used depending on the economic reasonability."

The company director said that currently the average bill in two open pizzerias is UAH 80-85 and the company expects the figure to rise by 10% by the end of 2011.

Currently there are two Domino's pizzerias in Kyiv, at 2/1 Kontraktova Square and 44A Drahomanova Street.

The Domino's pizza chain was founded in the United States in 1960 and unites over 9,000 franchised outlets and the chain's outlets in the United States and over 60 other countries.